Welcome to our dedicated page for Ross Stores news (Ticker: ROST), a resource for investors and traders seeking the latest updates and insights on Ross Stores stock.
Ross Stores, Inc. (NASDAQ: ROST) is a prominent player in the retail industry, renowned for its off-price apparel and accessories. Founded over 30 years ago, the company has evolved from a modest six-store chain into an $11 billion Fortune 500 company. The growth of Ross Stores has been remarkable, with its sales consistently outpacing traditional retailers over the past three years.
Ross Stores operates through two main retail chains: Ross Dress for Less® and DD’s Discounts®. The Ross Dress for Less® brand boasts over 1,250 stores spread across 33 states, the District of Columbia, and Guam. DD’s Discounts® complements this with more than 165 stores in 15 states. The company’s core business model revolves around procuring excess brand-name merchandise from manufacturing overruns and retail liquidations at prices significantly lower than their original retail value, often between 20%-60% off. This allows Ross Stores to offer consumers high-quality goods at reduced prices and creates a unique treasure hunt shopping experience.
The bulk of Ross Stores’ operations under its flagship, Ross Dress for Less, target middle-income consumers in densely populated suburban regions. The firm ensures a diverse array of stock-keeping units with minimal product depth, enhancing the shopping adventure. On the other hand, DD’s Discounts caters to lower-income shoppers with similarly discounted, brand-name merchandise.
Ross Stores’ strategy of cost-efficient operations and continuous expansion has underpinned its financial success. The company keeps operational costs low, passing the savings directly to customers, which has been a significant factor in maintaining its competitive edge. As of now, Ross Stores continues to open new outlets and adapt to market trends, ensuring sustainable growth and customer satisfaction.
For more information, visit the company’s official websites: www.rossstores.com and www.ddsdiscounts.com.
Ross Stores (NASDAQ: ROST) has announced a CFO succession plan, with current Executive Vice President and CFO Adam Orvos (60) set to retire on September 30, 2025. William Sheehan (56), currently Group Senior Vice President of Finance, has been promoted to Deputy CFO and will succeed Orvos on October 1, 2025.
Sheehan brings over 34 years of retail industry financial experience, including 15 years at Lord & Taylor before joining Ross in 2006. In his future role as CFO, he will oversee accounting, treasury, financial planning, tax, procurement, finance operations, risk management, and investor relations, reporting to COO Michael Hartshorn.
Ross Stores, an S&P 500 and Fortune 500 company, reported fiscal 2023 revenues of $20.4 billion. The company operates 1,831 Ross Dress for Less locations across 43 states, offering 20-60% savings on retail prices, and 355 dd's DISCOUNTS stores in 22 states, providing 20-70% savings on moderate department store prices.
Ross Stores (NASDAQ: ROST) has announced it will release its fourth quarter and fiscal 2024 earnings results on March 4, 2025, at approximately 4:00 p.m. Eastern time. A conference call with a real-time audio webcast will follow at 4:15 p.m. Eastern time, accessible through the Investors section of the company's website.
The company, an S&P 500, Fortune 500, and Nasdaq 100 member, operates 1,831 Ross Dress for Less® locations across 43 states, DC, and Guam, offering 20-60% savings on name brand fashion. Additionally, Ross runs 355 dd's DISCOUNTS® stores in 22 states, providing 20-70% savings on moderately-priced merchandise. The company reported fiscal 2023 revenues of $20.4 billion.
Ross Dress for Less has announced the opening of a new store in Fresno, California on March 8, 2025. The 23,000 square foot store will be located in the Sunnyside Country Club Village Shopping Center. This expansion adds to Ross Stores' significant retail presence, which includes over 2,100 off-price apparel and home fashion stores across 43 states, DC, and Guam.
The company, listed as ROST on Nasdaq 100, reported fiscal 2023 revenues of $20.4 billion. Ross Dress for Less, the company's primary brand, offers name brand and designer merchandise at 20% to 60% off department store prices, while their dd's DISCOUNTS chain, operating in 22 states, provides savings of 20% to 70% off moderate department store prices.
Ross Stores (NASDAQ: ROST) has announced a donation of $850,000 to support disaster relief efforts for the California wildfires, partnering with organizations including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank. The company will also facilitate customer donations at its 188 Southern California stores from January 16th through January 26th.
Ross Stores maintains a significant presence in California with nearly 500 Ross Dress for Less and dd's DISCOUNTS locations, along with a major buying office in Los Angeles. The company operates a total of 1,836 Ross Dress for Less locations across 43 states and 356 dd's DISCOUNTS stores in 22 states, offering discounted apparel and home fashions at 20-60% and 20-70% off regular prices respectively. The company reported fiscal 2023 revenues of $20.4 billion.
Ross Stores (ROST) reported Q3 2024 earnings with mixed results. EPS rose to $1.48 from $1.33, while net income increased to $489 million from $447 million year-over-year. Q3 sales reached $5.1 billion, up from $4.9 billion, with comparable store sales growing 1%. Operating margin improved to 11.9% from 11.2%. However, the company expressed disappointment with Q3 sales performance, citing impacts from severe weather and warm temperatures. For Q4 2024, Ross projects comparable store sales growth of 2-3% and updated full-year 2025 EPS guidance to $6.10-$6.17.
Ross Stores (NASDAQ: ROST) has declared a quarterly cash dividend of $0.3675 per common share, payable on December 31, 2024, to stockholders of record as of December 10, 2024. The company, a major off-price retailer, currently operates 1,836 Ross Dress for Less® locations across 43 states, DC, and Guam, and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion, offering brand-name merchandise at 20-60% savings at Ross and 20-70% savings at dd's DISCOUNTS.
Ross Stores (ROST) has scheduled its third quarter 2024 earnings release for Thursday, November 21, 2024, at approximately 4:00 p.m. Eastern time, followed by a conference call at 4:15 p.m. Eastern time. The company operates 1,836 Ross Dress for Less® locations across 43 states and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion. The company offers name brand and designer merchandise at 20% to 60% savings at Ross locations and 20% to 70% savings at dd's DISCOUNTS®.
Proficient Auto Logistics (NASDAQ: PAL) has appointed Brenda Frank to its Board of Directors. Frank currently serves as Group Senior Vice President of Human Resources, Buying Offices at Ross Stores, leading a team of over 80 professionals. She brings extensive experience in human capital management and legal matters, having previously held executive positions at Stericycle and Shred-it. Frank's background includes roles as Chief People Officer at Stericycle and Executive VP of HR, Franchise Relations, General Counsel & Secretary at Shred-it. She holds a J.D. from NYU School of Law and a B.S. in Accounting from SUNY Albany.
Ross Stores (ROST) has appointed James Conroy (54) as its next Chief Executive Officer, effective February 2, 2025. Conroy, who brings over 25 years of retail experience, will initially join as CEO-Elect on December 2, 2024. He previously served as President and CEO of Boot Barn since 2012. Current CEO Barbara Rentler (67) will transition to an advisory role until March 31, 2027, focusing on merchandising strategies. Ross Stores operates 1,836 Ross Dress for Less locations and 356 dd's DISCOUNTS stores, generating fiscal 2023 revenues of $20.4 billion.
Boot Barn Holdings reported Q2 FY2025 financial results and announced CEO transition. Net sales increased 13.7% to $425.8 million, with same-store sales up 4.9%. Net income reached $29.4 million ($0.95 per diluted share), compared to $27.7 million ($0.90 per diluted share) in the prior year. The company opened 15 new stores, reaching 425 locations.
CEO Jim Conroy will step down effective November 22, 2024, to join Ross Stores. John Hazen, current Chief Digital Officer, will become Interim CEO, while Peter Starrett will assume the role of Executive Chairman. For FY2025, Boot Barn projects total sales of $1.874-1.907 billion and plans to open 60 new stores.
FAQ
What is the current stock price of Ross Stores (ROST)?
What is the market cap of Ross Stores (ROST)?
What does Ross Stores, Inc. do?
How many stores does Ross Dress for Less operate?
What is the business model of Ross Stores?
Who are the primary customers of Ross Stores?
How does Ross Stores keep prices low?
What are DD's Discounts?
How has Ross Stores performed financially in recent years?
Where can I find more information about Ross Stores?
What is the significance of Ross Stores' treasure hunt shopping experience?
How many DD's Discounts stores are currently in operation?
